As the largest economy in West Africa and a key player in the global markets for coffee, cocoa, and gold, Côte d'Ivoire's transfer pricing dynamics hold particular importance for both domestic and international stakeholders.

Amidst Côte d'Ivoire's intricate transfer pricing landscape, the filing of TP returns and Country-by-Country (CbC) reports is essential, providing insights into affiliate transactions and pricing methodologies during tax authority audits. Despite the absence of specific penalties for TP documentation, caution is warranted, as non-submission or errors in the CbC report may lead to financial implications.

Côte d'Ivoire's alignment with the OECD Guidelines and adoption of BEPS Action 13 indicates a harmonious integration of global standards into its TP documentation requirements, showcasing the country's commitment to international best practices. Businesses operating in Côte d'Ivoire can utilize a variety of methods, consistent with the OECD Guidelines, to demonstrate the arm’s length nature of their transactions, weaving a narrative of compliance into their economic operations.

In this landscape, the absence of an Advance Pricing Agreement (APA) program leaves businesses to navigate each transaction with precision, surmounting regulatory challenges with innovation and ensuring a harmonious and transparent economic landscape. As companies navigate this multifaceted terrain, careful attention to compliance and ongoing adaptation to global standards will be paramount for success. 

To discover more in-depth insights and guidance on transfer pricing landscapes in various African countries, download the complete Grant Thornton Africa Transfer Pricing Landscape Guide 2023/2024 today!